Ant Financial Wants to Ease Renting Process Using Blockchain Technology

Ant Financial Wants to Ease Renting Process Using Blockchain Technology

Ant Financial, an Alibaba Group affiliate, is shifting towards blockchain technology and smart contracts to help facilitate rental property management. Traditionally, rent payment has been managed primarily through hefty contracts and lots of legalese. Bank transactions sometimes bounce, and some landlords even have to go and visit their tenants to collect their payments in cash. Ant Financial, an affiliate company of the more familiar Alibaba Group, wants to improve upon this dynamic by throwing smart contracts into real estate as part of its plan to develop several blockchain-based applications to capitalize on the new technology’s game-changing impact. Speaking to […]